The Industrial Robotics Market Size is Expected to Hit USD 30.8 billion by 2027
Food & Beverages Processing|December 2022
The report "Industrial Robotics Market by Type (Traditional, Collaborative Robots), Component, Payload, Application (Handling, Processing), Industry (Automotive, Food & Beverages) and Region (North America, Europe, APAC, ROW) - Global Forecast to 2027", Rising demand for collaborative robots across industries, anticipated shortage of skilled labor in manufacturing industries, and growing adoption of Industry 4.0 are factors expected to boost the growth of the industrial robotics market in the next five years.
The Industrial Robotics Market Size is Expected to Hit USD 30.8 billion by 2027

However, high cost of deployment for SMEs and safety concerns related to industrial robotics systems are projected to be the key challenges and restraining factors for the industry players.

ABB is a pioneer in robotics, machine automation and digital services, providing innovative solutions for a diverse range of industries, from automotive to electronics to logistics. The company is a leading supplier of industrial robots and modular manufacturing systems and services. Its operations are organized through four business divisions-Electrification, Motion, Industrial Automation, and Robotics & Discrete Automation. All industrial robots offered by the company are handled by its Robotics & Discrete Automation business segment.

More than 300,000 ABB robots are estimated to be installed worldwide. ABB's robotics solutions are used in industries such as automotive, metal fabrication, foundry,plastics, food and beverages, chemicals, pharmaceuticals, consumer electronics, solar, and wood. They are suited to welding, material handling, painting, picking, packing, and palletizing applications.

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